The expectations hypothesis and decoupling of short- and long-term US interest rates: A pairwise approach

"The link between short-term policy rates and long-term rates elucidate the potential effectiveness of monetary policy. We examine the US term structure of interest rates using a pairwise econometric approach advocated by Pesaran (2007). Our empirical modelling strategy employs a probabilistic...

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Detalles Bibliográficos
Autores Principales: Holmes, Mark J., Otero, Jesús, Panagiotidis, Theodore
Formato: Artículo (Article)
Lenguaje:Inglés (English)
Publicado: Elsevier Inc. 2015
Acceso en línea: